Houston Small Business Financing Guide



Start A Business

Obtaining access to financing for a Houston small business isn’t necessarily difficult – but obtaining access to capital that is also affordable and helps grow your company’s margins can be challenging. The key is finding the loan with the lowest rates, longest terms, minimal fees, and a funding time that fits with your growth plans. Feb 27, 2020 Owner financing is an arrangement in which the seller agrees to accept installment payments directly from the buyer rather than having the buyer obtain a loan from a bank. Owner financing—sometimes referred to as seller financing—often provides buyers with easier qualification and more flexible repayment terms than a traditional mortgage while providing sellers with monthly. Go to Next Section. SBA Houston Honors Top Small Businesses. Small Business Development Centers and Women's Business Centers that provide. Financing Growth of Small Business. A non-profit 501(c)(3) corporation, Houston Business Development, Inc. (HBDi) serves as a catalyst in stimulating economic growth and revitalizing communities throughout the city of Houston, Texas.

Startup Guide

The following are four main requirements for a business to legally operate in the City of Houston.

1. Business Entity Registration

Houston small business financing guide sample

Sole Proprietorship & General Partnership

A Sole Proprietorship or General Partnership doing business under a name other than the name of the owner requires a DBA (Doing Business As) Certificate from the clerk's office of the county in which the business is being conducted. Many counties have a searchable database of the listed business names used. Filing a DBA does not secure nor protect your business name. All types of business entities (SP, LLC, INC, etc.) must file a DBA.

*For more information, contact your local county clerk's office.*

Harris County
201 Caroline St
Houston, TX 77002
713.274.8600
Website
Fort Bend County
301 Jackson St
Richmond, TX 77469
281.341.8685
Website
Montgomery County
210 West Davis St
Conroe, TX 77301
936.539.7885
Website
Brazoria County
1524 East Mulberry St
Angleton, TX 77515
979.864.1355
Website

Limited Liability Company, Corporation, Limited Partnership & Others

A LLC, INC, LP, LLP, or a Non-Profit business files with the Texas Secretary of State. These business types are independent entities therefore filing of a business name with the Texas Secretary of State protects this name (in Texas only), therefore no other business can use this name within the state. This department also keeps records of business names in a searchable database.

Texas Secretary of State
1019 Brazos Street
Austin, TX 78701
512.463.5583
Website
Houston

2. Texas Sales Tax Permit

Business

Houston Small Business Financing Guide Sample

A business must obtain a Texas Sales & Use Tax permit from the Texas State Comptroller Office if they are engaged in business in Texas and they are selling tangible personal property, leasing personal property, or selling a taxable service in Texas. There is no fee for the Texas Sales and Use Tax permit but a business could be required to post a security bond. A Franchise Tax is a privilege tax imposed on each taxable entity chartered/organized in Texas or doing business in Texas. Operating without a sales tax permit is a crime punishable by a fine of up to $500 for each day a business operates without a permit.

Houston Small Business Association

Texas State Comptroller
1919 North Loop West, Suite 510
Houston, TX 77008
713.426.8200
Website

3. Federal Tax Identification Number

Houston small business financing guides

A Federal Tax Identification Number, also known as an Employer Identification Number (EIN), is a nine-digit number the Internal Revenue Service (IRS) assigns in the following format: XX-XXXXXXX. An EIN is used to identify the tax accounts of employers and certain other businesses that have no employees. Generally, businesses need an EIN, with a few limited exceptions, but there is no fee for filing an EIN with the IRS.

Internal Revenue Service
1919 Smith Street
Houston, TX 77002
281.721.70210
Website

Score Houston

4. Property Tax Rendition>

All businesses are required to file a rendition within the county they are in listing business personal property assets (including, inventory, raw materials, improvements, machinery and equipment, furniture, fixtures, computer equipment, and vehicles used for business purposes).

Property assets must be located in the taxing jurisdiction for more than a temporary period. If the business’ total value of property assets is $500 or less, then it isn’t required for the business to file a rendition. Filling will be open from January 1st until April 15th.

*For more information, contact your local county apprasial district.*

Houston Small Business Financing Guide Template

Harris County
13013 Northwest Freeway
Houston, TX 77040
713.957.7800
Website
Fort Bend County
2801 B F Terry Blvd.
Rosenburg, TX 77469
281.344.8623
Website
Montgomery County
109 Gladstell St
Conroe, TX 77301
936.756.3354
Website
Brazoria County
500 N. Chenango St, #101
Angleton, TX 77515
979.849.7792
Website